56.523 Refunding bonds. - Kentucky Statutes

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56.523 Refunding bonds. The commission is hereby authorized to provide for the issuance of refunding bonds for
the purpose of refunding any bonds outstanding that have been issued at any time under
the provisions of KRS 56.520 or for the purpose of refunding any bonds outstanding that
have been issued by agencies of the state under the provisions of KRS Chapter 58,
including redemption premiums thereon and any interest accrued or to accrue to the date
of redemption. The commission is further authorized to issue bonds for the combined
purpose of refunding any bonds issued at any time under KRS 56.520 or by state agencies
under KRS Chapter 58, including redemption premiums thereon and any interest accrued
or to accrue to the date of redemption, and for paying the cost of extensions,
improvements, betterments or additions to the project. History: Created 1964 Ky. Acts ch. 7, sec. 4.